Dawpool Farm Residents' Company Limited 02612851 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property management of Dawpool Farm Digita Accounts Production Advanced 6.30.9574.0 true 02612851 2023-01-01 2023-12-31 02612851 2023-12-31 02612851 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02612851 bus:SmallEntities 2023-01-01 2023-12-31 02612851 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02612851 bus:FullAccounts 2023-01-01 2023-12-31 02612851 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02612851 bus:RegisteredOffice 2023-01-01 2023-12-31 02612851 bus:Director1 2023-01-01 2023-12-31 02612851 bus:Director2 2023-01-01 2023-12-31 02612851 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 02612851 countries:EnglandWales 2023-01-01 2023-12-31 02612851 2022-01-01 2022-12-31 02612851 2022-12-31 02612851 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 02612851

Dawpool Farm Residents' Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Dawpool Farm Residents' Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Dawpool Farm Residents' Company Limited

Company Information

Directors

Janet Trigg

David Anthony Duff

Registered office

1 - 3 Chester Road
Neston
Cheshire
CH64 9PA

Accountants

Phillip Bates and Co Limited
Chartered Accountants
1 - 3 Chester Road
Neston
Cheshire
CH64 9PA

 

Dawpool Farm Residents' Company Limited

(Registration number: 02612851)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

1,579

2,683

Cash at bank and in hand

 

39,585

21,676

 

41,164

24,359

Creditors: Amounts falling due within one year

5

(3,300)

(3,450)

Net assets

 

37,864

20,909

Capital and reserves

 

Profit and loss account

37,864

20,909

Total equity

 

37,864

20,909

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 February 2024 and signed on its behalf by:
 

.........................................
Janet Trigg
Director

.........................................
David Anthony Duff
Director

 

Dawpool Farm Residents' Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
1 - 3 Chester Road
Neston
Cheshire
CH64 9PA
United Kingdom

These financial statements were authorised for issue by the Board on 21 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The company is a mutual trading company and, as such, trading income is exempt from tax on profits.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dawpool Farm Residents' Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

Current

2023
£

2022
£

Trade debtors

900

1,770

Prepayments

679

913

 

1,579

2,683

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,200

1,200

Other creditors

2,100

2,250

3,300

3,450